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In Luedenscheid, a town in Germany's Ruhr industrial heartland, the mood is glum after autoparts-maker Gerhardi filed for bankruptcy in November, threatening its 1,500 employees with redundancy.
The assembly of the second generation of Volkswagen's ID.3 electric car in May 2023 in Zwickau, Germany. - Jens Schlueter/Getty Images
Karl Benz's 1885 Patent Motorwagen (replica). It is considered the world's first I.C.E.-driven car to be series-produced. Opel Olympia (1935–1937). Motor-car pioneers Karl Benz (who later went on to start Mercedes-Benz) and Nicolaus Otto developed four-stroke internal combustion engines in the late 1870s; Benz fitted his design to a coach in 1887, which led to the modern-day motor car.
The V6 EcoBoost engine benefited from the loan, and is installed in many cars as well as over 500,000 F-150, saving 268 million gallons of gasoline by 2014. [14] Ford expects to pay the rest of the loan by 2023. [11] In 2023, the Program approved a $9.2 billion loan for Blue Oval City, a battery plant by Ford and SK Innovation. [15]
The assembly operation in Berlin came to an end on 15 April 1931, and on 4 May 1931 the first Cologne-produced Ford rolled off the production line. [6] The first vehicle produced was a Ford Model A based truck which, whether by coincidence or by design, would also be the first vehicle produced by Ford's new plant at Dagenham, England in October ...
UK Van and commercial vehicle manufacturer LDV Group asked the UK government for a £30 million bridging loan to facilitate a management buyout of the group. On the same day this was refused. [ 64 ] LDV has since said it has a viable future and intends to become the first volume producer of electric vans should the management buyout take place.
Quebec's government also set the goal to deploy 12,500 more electric vehicles in the province by 2017, consisting of 10,200 consumer cars, 325 taxis, and 2,000 government-fleet vehicles. Also, incentives were issued for "greening" 525 taxis, aimed to introduce 325 plug-in vehicles (275 plug-in hybrids and 50 all-electrics) and 200 conventional ...
(Bloomberg) -- Germany is set to use a fund created to help companies cope with the economic hit from the pandemic to provide loan guarantees for struggling energy firms, according to a person ...